Property profile

1517 Empire Blvd Webster, NY 14580

OFF-MARKET
Turn key restaurants
Property ID
US63-2796122
8,353 SF 2.3 ac lot Built 1980
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 8,000-square-foot restaurant in Webster, NY, presents a unique owner-user opportunity. Located at 1517 Empire Blvd, this Class B property sits on a 2.3-acre lot with ample parking (50 spaces) and is zoned for limited business use. Built in 1980 and renovated five years ago, the single-story building boasts a large main dining area with a capacity of 145, a stage for live music, a dance floor, and a substantial bar area (36' x 88', seating 20). Two additional front rooms, each with a 45-person capacity, offer flexibility for expansion or separate leasing. The property includes a full, equipped kitchen, two walk-in coolers, and a spacious, 13-course-high basement ideal for storage. Three furnaces and three air conditioning compressors ensure climate control. The building features 400 amps of electric service with multiple sub-panels. The sale includes most furniture, fixtures, and equipment (FF&E), with a few exceptions. The current tenant is relocating by December 30, 2023, making this a turnkey operation ready for immediate occupancy on November 29, 2023. Two outdoor patios and ample green space provide additional seating and event possibilities. Owner financing is available with an acceptable down payment. The asking price is $1,400,000 ($175/sq ft).

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 8,353 SF
Lot 2.3 ac (100,188 SF)
Zoning code LB
APN 264200 108.06-1-5
UPID US63-2796122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1517 Empire Blvd Webster, NY 14580-2103
Webster metro Census 11507 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$543k
Blend (final) Blend
$355k

Owner & transaction history

since 2025
2 recorded transactions
2025
$900,000
2012
Price N/A

Zoning & alternative use

LB · Webster, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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